嘉实红利精选混合发起式A：2025年第二季度利润845.85万元 净值增长率7.49%

Core Viewpoint - The AI Fund Jia Shi Hong Li Selected Mixed Initiation A (022495) reported a profit of 8.4585 million yuan in Q2 2025, with a net asset value growth rate of 7.49% and a fund size of 56.7366 million yuan as of the end of Q2 2025 [4] Fund Performance - The fund's profit per weighted average share for the reporting period was 0.0883 yuan [4] - As of July 21, the unit net value was 1.112 yuan [4] Investment Strategy - The fund management maintains the view of a "dividend+" era, emphasizing that dividends remain a long-term effective fundamental factor, although performance among different dividend assets may vary [4] - Focus areas include traditional long-duration assets such as banks, public utilities, telecom operators, oil, and home appliances, while also incorporating some dividend growth assets like Hong Kong internet stocks and export chains [4] Market Outlook - The fund expects stable economic performance in the second half of the year, with a more balanced market style anticipated due to the strong performance of consumption and growth sectors in the first half [4] - The fund will closely monitor the fundamental changes in various dividend assets to identify higher-quality opportunities in specific sectors and will also optimize the portfolio performance through a contrarian approach [4] Top Holdings - As of the end of Q2 2025, the top ten holdings of the fund include Jiangsu Bank, China Merchants Bank, China Construction Bank, China Mobile, Chengdu Bank, Hangzhou Bank, China National Offshore Oil Corporation, New Energy Group, Guotou Power, and Chuan Investment Energy [5]